China and Qatar are to deepen their energy cooperation. A meeting between Premier Li Keqiang and Sheikh Tamim Bin Hamad al-Thani, Emir of Qatar took place today (Tuesday).
China would like to build a strategic relationship of energy cooperation with Qatar. The country also wants to strengthen bilateral cooperation in oil and gas exploration.
Premier Li called on Qatar to allow Chinese businesses to join the exploration programs in Qatar.
Tamim pledged that Qatar will deepen bilateral ties and promised to prioritize long-term energy cooperation with China.
Li also said that China is willing to participate in Qatar’s high-speed railway construction and ideally would like to expand investment and financial cooperation with Qatar.
Li called on Qatar, which will take over the rotating chair of the Gulf Cooperation Council (GCC), to play a positive role in promoting the construction of the Silk Road Economic Belt and the 21st Century Maritime Silk Road. He also would like China and GCC to agree on a high-quality free trade agreement.
Tamim said Qatar is willing to play a positive role in promoting cooperation between GCC and China.
Investors can access the Qatar stock market via the iShares MSCI Qatar Capped ETF (QAT) which is $40m in size and charges 0.61% of total expense ratio.
The ETF heavily allocates to financials (57%) while energy constitutes less than 8%.
Investors can also gain exposure to Qatar via two regional GULF ETFs: the WisdomTree Middle East Dividend Fund (GULF) and Market Vectors Gulf States Index ETF (MES) which allocate to the country 34% and 24% respectively.
ETFs: QAT, GULF, MES
Important Information Related to this Article
Please familiarize yourself with our DISCLAIMERS every time you engage the site: they’re updated constantly without notice. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product. ETFalpha didn’t own any shares of the ETFs mentioned in the story at the moment of writing this article.